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Jan 15, 2013
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i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor to them. quick thank you for your comments chairman bernanke. i am a masters student. the first question is this -- if treasury minted a trillion dollar platinum coin, with the fed have except did it -- accepted it? >> i am not going to give that any oxygen. as you probably know, the treasury and federal reserve -- the treasury issued a statement that we did not think this was the right way to deal with this problem. there are legal issues and policy issues. the right way to deal with this problem, as i said earlier, is for congress to
i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor...
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Jan 15, 2013
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economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two choices here: they can act responsibly, and pay america's bills, or they can act irresponsibly, and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea
economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two...
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Jan 15, 2013
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...
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Jan 19, 2013
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if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if the example of our fathers and mothers will inspire us or condemn us. we must show courage in a time of blessing by confronting problems instead of passing them on to future generations. together, we will reclaim america's schools, before ignorance and apathy claim more young lives. we will reform social security and medicare, sparing our children from struggles we have the power to prevent. and we will reduce taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invi
if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if...